Our market development work is important to achieving our statutory objective to promote competition in, reliable supply by and the efficient operation of the electricity industry for the long-term benefit of consumers.

If an anomalous event or outcome occurs in the market or the broader electricity sector, we investigate it to determine the causes and whether something can or should be done to prevent such an event or outcome from occurring again.

In this section:

We monitor these to ensure the industry is robust and market events are transparent.

Competition

Effective industry and market monitoring helps to promote competition for the long-term benefit of consumers by increasing transparency about market events and by improving access to quality information.

Reliability and efficiency

We monitor reliability and efficiency in the electricity industry to promote or facilitate industry behaviour that minimises the costs of services to consumers for their long-term benefit while ensuring the industry is robust enough to withstand adverse events.